Adani Group gets nod to build airport at Mundra.

The  Adani Group plans  to convert its private airstrip at Mundra  port complex into a full-fledged commercial airport at  an investment of ₹1,400 crore.
The expert appraisal committee (EAC) attached to the ministry of environment, forest and climate change has recommended the project, which  includes a dedicated aerospace manufacturing facility, for environmental clearance, according to a document reviewed by BusinessLine.
Private airstrip
The existing private airstrip at Mundra, constructed in over 45 hectares of land, will be converted into a commercial airport spread over 522 hectares, with the capability to serve  Boeing 747-400 aircraft. It will be  commissioned by 2022.
The airport will be run by Mundra International Airport Pvt Ltd, a wholly-owned unit of Adani Ports and Special Economic Zone Ltd. (APSEZ), which runs India’s biggest private port at Mundra in Gujarat’s Kutch district.
The Ahmedabad-based infrastructure conglomerate, led by Gautam Adani, ventured into the airport business earlier this year by emerging the highest bidder for running the Airports Authority of India-operated airports at Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati, and Thiruvananthapuram on a long-term lease of 50 years.
HBL